According to the report titled ‘Monoclonal Antibodies Market Size By Type (Fully Human, Humanized, Chimeric), By Application (Oncology, Autoimmune Diseases, Infectious Diseases), By End-use (Hospitals, Clinics), COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, monoclonal antibodies market is projected to showcase lucrative growth during 2021-2027.

 

Increasing awareness about modern medicines, growing use of advanced technology for producing artificial antibodies, and expansion of specialist centers in developed nations are all contributing to the growth of monoclonal antibodies market.

 

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Notably, antibodies are proteins that the immune system employs to recognize and neutralize foreign entities such as viruses, bacteria, and tumor cells. While monoclonal antibodies are laboratory-developed proteins having similar ability as immune system to fight off pathogens.

 

Based on type, the market is categorized into humanized, chimeric, fully human, and others. Of these, the others segment was assessed at US $9 billion in 2020 and is expected to continue to rise in the years ahead, owing to use of improved technology in the development of specific artificial antibodies.

 

With respect to application scope, global monoclonal antibodies market is classified into autoimmune diseases, infectious diseases, oncology, and others. By 2027, the others segment is expected to grow at a CAGR of 14.2%, backed by development efforts and the number of prospective products for new therapies such as transplant rejection and migraine.

 

In terms of end-use terrain, the industry is divided into clinics, hospitals, and others. Of the mentioned, the others sector was valued at $55 billion in 2020 and is expected to modest revenues in the following years. This revenue inflow can be credited to establishment of specialist centers in developed nations to cater to the need of growing number of people suffering from various ailments.

 

On the geographical front, monoclonal antibodies market in Middle East & Africa is projected to grow at a CAGR of 12% through 2027. The regional expansion will be aided by increased awareness of enhanced treatment alternatives, and swift product approvals.

 

The top players in the marketplace include AbbVie, Inc., Eli Lilly & Company, Amgen, Inc., Johnson & Johnson, Regeneron Pharmaceuticals, Inc., The Takeda Pharmaceuticals Company Ltd., F Hoffmann-La Roche AG, Novartis AG, Merck & Co., Inc., AstraZeneca plc, Bristol Myers Squibb, and GlaxoSmithKline plc among others.